2714 Union Avenue Extended, Memphis, TN, 38112

Description

The property is fully leased, primarily by multiple divisions of the City of Memphis, with most tenants having occupied the building for over 10 years. This long-standing relationship with a variety of city departments provides significantly reduced risk of lease rollover or cash flow interruption. Additionally, the diverse but relatively small tenant mix allows for more manageable renewals, and the tenants’ long tenure suggests potential likelihood of renewal without extensive negotiation. This presents a valuable upside for a new owner, offering both dependable income and the opportunity to enhance value through strategic lease adjustments over time.

Central access between the Midtown and East Memphis office submarkets.
Its proximity to Poplar Avenue, I-240, and major institutions like the
University of Memphis and nearby hospitals makes it attractive to a range of
industries, including healthcare, professional services, and education. The
location benefits from nearby retail and dining options, enhancing employee
convenience and client engagement, while also serving as a cost-effective
alternative to higher-priced Class A East Memphis properties. This makes it
a versatile site for businesses seeking visibility, access, and talent in a strong
Memphis corridor.

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